Commonwealth’s De-Risking Meeting in London - IMTC

[…] Judie also mentioned that there were many in attendance that blamed the United States for the wave in de-risking in the world due to the Department of Justice’s enforcement actions that have been aimed at large banks. Banks were also being blamed as they imposed a “one size fits all” approach. The fact that US Banks are forcing correspondent banks in developing countries to close the bank accounts of local MSBs is also fueling the blame aimed at US institutions. Read more here. […]